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AMD lost £904m in the fourth quarter
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AMD makes loss of $1.77bn

Last year's purchase of ATI has affected the chip maker's earnings

Neon Kelly, Computing 18 Jan 2008
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AMD made losses of $1.77bn (£904m) in the final quarter of the year, a significant slip on the loss of $576m (£294m) in the last period of 2006.

The results include charges totalling $1.67bn (£873m), largely relating to the company's acquisition of chipmaker ATI last year. Without the purchase costs, AMD's losses total $97m (£50m).

Quarterly revenue was $1.77bn (£904m), matching the figure from the same period of 2006.

AMD chief fianancial officer Robert Rivet remained optimistic.

“We were close to break-even operationally for the quarter, reducing our fourth quarter non-GAAP operating loss to $9m (£4.5m)," said Rivet.

“We shipped a record number of microprocessor units in the quarter, including nearly four hundred thousand quad-core processors.”

See also:

AMDChip maker looks to next-gen handset processor products  04 Jan 2008
It can be hard to understand processor jargon. We explain what the specifications mean and how to pick the right one  28 Dec 2007
Picture of Hector RuizThe microsoprocessor company will aim to overturn its losses by the second half of next year  14 Dec 2007
Chip giant says channel partners have appreciated its openness over shipment delays  13 Dec 2007

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